Equities analysts forecast that Retail Properties of America Inc (NYSE:RPAI) will announce sales of $121.60 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Retail Properties of America’s earnings. The lowest sales estimate is $119.35 million and the highest is $127.38 million. Retail Properties of America posted sales of $124.84 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.6%. The business is expected to announce its next earnings report after the market closes on Tuesday, April 30th.

According to Zacks, analysts expect that Retail Properties of America will report full year sales of $483.52 million for the current fiscal year, with estimates ranging from $477.27 million to $490.65 million. For the next year, analysts forecast that the business will post sales of $499.07 million, with estimates ranging from $490.28 million to $508.20 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Retail Properties of America.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $119.30 million for the quarter, compared to analysts’ expectations of $119.77 million. Retail Properties of America had a return on equity of 4.24% and a net margin of 16.09%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 EPS.

RPAI has been the subject of several recent analyst reports. ValuEngine upgraded Retail Properties of America from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. Zacks Investment Research cut Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Citigroup set a $15.00 price objective on Retail Properties of America and gave the stock a “buy” rating in a report on Tuesday, November 20th. Finally, KeyCorp set a $15.00 target price on Retail Properties of America and gave the company a “buy” rating in a research note on Thursday, December 20th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $14.29.

Several hedge funds have recently added to or reduced their stakes in RPAI. BlackRock Inc. raised its holdings in Retail Properties of America by 0.3% during the fourth quarter. BlackRock Inc. now owns 16,616,628 shares of the real estate investment trust’s stock valued at $180,291,000 after acquiring an additional 56,414 shares during the period. Boston Partners boosted its position in shares of Retail Properties of America by 42.6% during the fourth quarter. Boston Partners now owns 7,533,107 shares of the real estate investment trust’s stock valued at $81,734,000 after buying an additional 2,252,191 shares during the period. Franklin Resources Inc. boosted its position in shares of Retail Properties of America by 7.6% during the third quarter. Franklin Resources Inc. now owns 6,263,687 shares of the real estate investment trust’s stock valued at $76,354,000 after buying an additional 444,800 shares during the period. Renaissance Technologies LLC boosted its position in shares of Retail Properties of America by 20.4% during the third quarter. Renaissance Technologies LLC now owns 4,966,055 shares of the real estate investment trust’s stock valued at $60,536,000 after buying an additional 841,200 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Retail Properties of America by 58.2% during the third quarter. JPMorgan Chase & Co. now owns 4,587,848 shares of the real estate investment trust’s stock valued at $55,926,000 after buying an additional 1,687,591 shares during the period. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Shares of NYSE:RPAI traded down $0.03 during mid-day trading on Monday, hitting $12.16. 1,376,151 shares of the company traded hands, compared to its average volume of 1,651,122. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 5.31 and a beta of 0.58. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.93. Retail Properties of America has a 12-month low of $10.57 and a 12-month high of $13.40.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 27th will be paid a $0.1656 dividend. The ex-dividend date of this dividend is Tuesday, March 26th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.45%. Retail Properties of America’s dividend payout ratio (DPR) is currently 64.08%.

About Retail Properties of America

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of December 31, 2018, the Company owned 105 retail operating properties in the United States representing 20.1 million square feet.

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Earnings History and Estimates for Retail Properties of America (NYSE:RPAI)

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